Agility , flexibility, improvisation – a company’s ability to quickly change is crucial to its long-term success. MIT’s Leadership Center published an article by professor Wanda J. Orlikowski that equates a successful company to an orchestra. The CEO, conductor, leads a complex group of artists to make beautiful music.
Sometimes, however, the conductor needs to let go and let its skilled and creative musicians lead. The same is said for an organization; improvisation is necessary to adaptation to uncertain and changing business conditions. As our world continues to change rapidly, companies have to be agile in order to survice.
Orlikowski says, “Organizations that stay flexible take advantage of new opportunities, explore new ways of working, and resolveunanticipated consequences.” Here are her tips for creating such an organization:
CEO Lance Thrailkill is pushing a 70-year-old family business beyond traditional fabrication—investing in Industry 4.0,…
CEO Chadha shares how sharper focus was the key to tripling revenue at the engineering…
Left unchecked, it can lead to a host of chronic diseases. But there are ways…
As shown by the rugby champs, rituals matter not because they are dramatic, but because…
More than 70 percent of CEOs are running above clinical stress thresholds, according to a…
Adam Leipzig produced some of the most successful films of the last four decades by…